🚨 Silver
Down -11.5% today
Down -38% in 5 days
Let me explain how physical silver actually works.
First, you almost never buy at spot price. Retail buyers pay a premium above spot for coins, bars, or “junk” silver to cover minting, shipping, & dealer margins.
Then when it’s time to sell, you don’t get spot either.
Dealers buy below spot.
Why? Because physical metal isn’t instantly liquid.
Everything has to be verified… weight, dimensions, magnet tests, density checks, sometimes acid or XRF testing all to confirm purity & authenticity. That all takes time, labor, & equipment.
After that, the dealer still has to resell it. They may hold inventory, sell to another wholesaler, or ship it to a refiner to be melted and recast. All of that adds storage costs, risk, & delays.
If refiners are backed up or inventory builds, bids drop even further below spot.
So the math is fkn simple:
You pay above spot to buy.
You sell below spot to exit.
And multiple middlemen take a cut along the way.
That’s not seamless liquidity… it’s friction.
Physical metals may feel “safe,” but in practice they’re slow, costly, & inefficient to move.
Bitcoin solves 100% of this.
